Celestica Inc. (NYSE:CLS) Q2 2024 Earnings Conference Call July 25, 2024 8:00 AM ET Company Participants Craig Oberg - Vice President, IR & Corporate Development Rob Mionis - President & Chief Executive Officer Mandeep Chawla - Chief Financial Officer Conference Call Participants Thanos Moschopoulos - BMO Capital Markets Matthew Sheerin - Stifel Nicolaus Steven Fox - Fox Advisors Daniel Chan - TD Cowen Paul Treiber - RBC Capital Markets Jesse Pytlak - Cormark Securities Todd Coupland - CIBC Operator Good mo ...

Note Regarding Non-IFRS Financial Measures In addition, this presentation refers to non-International Financial Reporting Standards (IFRS) financial measures (including ratios). Non-IFRS financial measures do not have any standardized meaning prescribed by IFRS and may not be comparable to similar measures presented by other public companies that report under IFRS, or who report under U.S. GAAP and use non-GAAP financial measures to describe similar operating metrics. Non-IFRS financial measures are not mea ...

Company Performance - Celestica reported quarterly earnings of $0.91 per share, exceeding the Zacks Consensus Estimate of $0.82 per share, and showing an increase from $0.55 per share a year ago [10] - The company posted revenues of $2.39 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 6.33% and up from $1.94 billion year-over-year [2] - Celestica has consistently outperformed consensus EPS estimates over the last four quarters, achieving this four times [11] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.80 on revenues of $2.28 billion, and for the current fiscal year, it is $3.33 on revenues of $9.12 billion [14] - The estimate revisions trend for Celestica is favorable, contributing to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [4] Industry Context - The Electronics - Manufacturing Services industry, to which Celestica belongs, is currently ranked in the bottom 22% of over 250 Zacks industries, which may impact stock performance [5] - Despite the industry ranking, Celestica's shares have increased approximately 97.7% since the beginning of the year, significantly outperforming the S&P 500's gain of 16.5% [7]

Exhibit 99.1 FOR IMMEDIATE RELEASE July 24, 2024 (All amounts in U.S. dollars. Per share information based on diluted shares outstanding unless otherwise noted.) CELESTICA ANNOUNCES SECOND QUARTER 2024 FINANCIAL RESULTS Q2 2024 revenue and non-IFRS adjusted EPS* exceed the high end of guidance ranges; 2024 full-year outlook raised TORONTO, Canada - Celestica Inc. (TSX: CLS) (NYSE: CLS), a leader in design, manufacturing, hardware platform and supply chain solutions for the world's most innovative companies, ...

Core Insights - Celestica Inc. reported strong financial performance for Q2 2024, with a year-over-year revenue increase of 23% and a 65% rise in non-IFRS adjusted EPS [2][3] - The company raised its full-year 2024 outlook, anticipating revenue of $9.45 billion and non-IFRS adjusted EPS of $3.62, representing growth of 19% and 49% respectively compared to 2023 [3][9] Q2 2024 Highlights - Revenue for Q2 2024 was $2.392 billion, exceeding guidance of $2.175 to $2.325 billion [13] - Non-IFRS operating margin was 6.3%, up from 6.1% in the previous guidance [13] - Adjusted EPS for Q2 2024 was $0.91, compared to guidance of $0.75 to $0.85 [13] - The ATS segment revenue decreased by 11% year-over-year, while the CCS segment revenue increased by 51% [7] Q3 2024 Guidance - For Q3 2024, Celestica expects revenue between $2.325 billion and $2.475 billion [8] - Non-IFRS operating margin is projected to be 6.3% at the mid-point of revenue guidance [8] - Adjusted EPS is anticipated to range from $0.86 to $0.96 [8] 2024 Annual Outlook Update - The updated 2024 outlook includes revenue of $9.45 billion, an increase from the previous outlook of $9.1 billion [9] - Non-IFRS operating margin is now expected to be 6.3%, up from 6.1% [9] - Non-IFRS adjusted EPS is revised to $3.62, compared to the previous estimate of $3.30 [9] Financial Performance Metrics - Non-IFRS adjusted free cash flow for Q2 2024 was $63.3 million, slightly down from $66.8 million in Q2 2023 [7] - The company achieved a non-IFRS adjusted ROIC of 26.7% for Q2 2024, compared to 20.0% for Q2 2023 [7][58] - IFRS EPS for Q2 2024 was $0.83, which included an aggregate charge of $0.23 per share for various expenses [15]

However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cuttingedge growth stocks. While there are numerous reasons why the stock of this electronics manufacturing services company is a great growth pick right now, we have highlighted three of the most important factors below: While the historical EPS growth rate for Celestica is 36.9%, investors should actua ...

Group 1 - Celestica (CLS) has gained approximately 97.7% year-to-date, significantly outperforming the Computer and Technology sector, which has returned an average of 24.9% [6] - The Zacks Rank for Celestica is currently 2 (Buy), indicating positive analyst sentiment and a strong earnings outlook [2][6] - In comparison, Dell Technologies (DELL) has achieved a year-to-date return of 64.5%, also outperforming its sector [3][6] Group 2 - Celestica is part of the Electronics - Manufacturing Services industry, which consists of 4 companies and is currently ranked 199 in the Zacks Industry Rank, with an average gain of 12% year-to-date [7] - The Computer and Technology group, which includes Celestica, ranks 7 within the Zacks Sector Rank, encompassing 16 different groups [5] - The Computers - IT Services industry, to which Dell Technologies belongs, has moved up by 4.8% year-to-date and is ranked 104 [4]

Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase, investors find themselves invested in shares that have limited to no upside or even a downside. So, betting on a stock just by looking at the traditional momentum parameters could be risky at times. Celestica (CLS) is one of the several great candidates that made it through ...

Pixelimage CLS 24 97% Oakoff Investments [J] Sam $6.700 PE (FWD) My Thesis Update Canada Mar. 19, 2024 2:14 AM ET | Celestica Inc. (CLS) Stock, CLS:CA Stock Summary The company's strong financial performance includes increased revenue, improved operating profit margins, and successful Q4 results. I believe the CLS stock should trade 40% higher than today by the end of 2025, assuming the potential for revenue growth from the hyperscaler market continues and historically high margins are maintained. Seeking A ...

The first company has solidified its market presence with impressive revenue gains in the retail and merchandise sectors. A recent legal victory enhancing financial stability further bolsters its fundamental solidity. On the other hand, the second company has capitalized on the rising demand for AI and networking solutions. It is driving substantial revenue growth and margin expansion. Finally, the third company has recordbreaking sales and profitability improvements. This points to its leadership in innova ...